Jordan to issue project tenders worth $10bn in 2026

Jordan plans to issue tenders for almost $10 billion in national projects before the end of 2026, the country’s prime minister has said.

The government is working to finalise agreements and secure financial closure for key projects between 2028 and 2030, the state-run Jordan News Agency (Petra) reported, quoting Jaafar Hassan.

The government has allocated JOD1.6 billion ($2.3 billion) for projects and capital expenditures in 2026 to drive economic growth and fund strategic initiatives.

Key projects include the National Water Carrier, Aqaba-Shidiyah/Maan-Ghor Al-Safi Railway, Al-Risha Gas Pipeline and Amra City.

The prime minister said that the government has doubled capital expenditure on the National Water Carrier project to JOD250 million over the next four years and allocated JOD100 million for the Al-Risha Gas project over the next three years.

Hassan said the second phase of the economic modernisation vision for 2026-2029, covering 24 sectors, will be launched in the coming weeks.

Some of the vision objectives include increasing per capita income by an average of 3 percent per year, creating jobs for more than 1 million youth and ranking one Jordanian city among the top 100 cities in the world.

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This month the finance ministry said Jordan’s debt reached its highest-ever level at the end of September as the kingdom continued to borrow to finance its budget deficit.

Foreign debt rose to JOD19.9 billion from JOD19.3 billion, accounting for 54 percent of the country’s liabilities at the end of September.

Budget deficit stood at around JOD1.8 billion in the first nine months of this year against a shortfall of JOD2.8 billion in 2024, the ministry’s report showed.